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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Altera ( ALTR) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.1%. By the end of trading, Altera rose $0.43 (1.3%) to $32.52 on average volume. Throughout the day, 3,168,484 shares of Altera exchanged hands as compared to its average daily volume of 3,362,600 shares. The stock ranged in a price between $31.86-$32.58 after having opened the day at $32.02 as compared to the previous trading day's close of $32.09. Other companies within the Electronics industry that increased today were: Eltek ( ELTK), up 49.8%, Aehr Test Systems ( AEHR), up 15.4%, Sigmatron International ( SGMA), up 11.7% and Advanced Photonix ( API), up 11.5%. Altera Corporation, a semiconductor company, designs, manufactures, and markets programmable logic devices (PLD), HardCopy application-specific integrated circuit (ASIC) devices, pre-defined design building blocks, and proprietary development software. Altera has a market cap of $10.4 billion and is part of the technology sector. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are down 6.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Altera a buy, no analysts rate it a sell, and 8 rate it a hold. TheStreet Ratings rates Altera as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
